BUA Group invests in Wärtsilä smart power technology to reduce carbon footprint in its Nigeria cement plant
Wärtsilä is to supply an engine power plant based on Smart Power Generation technology that will enhance the output and reduce the carbon footprint of a Nigerian cement production facility.
The International Monetary Fund (IMF), in the framework of the technical assistance provided to the Republic of Angola, has recommended improving the process of execution of the State Budget (OGE).
Egypt Deputy Agriculture Minister for Animal Resources, Mona Mehrez has discussed in a meeting with Hungarian Ambassador in Cairo Peter Kveck means of boosting bilateral cooperation in the field of livestock.
Kenya calls on African governments to assist private sector participate in infrastructure development
Kenya’s President Uhuru Kenyatta has urged African Governments to create an enabling environment to enable the private sector to participate more in the development of critical infrastructure in Africa.
Ghana’s telecommunications regulator, the National Communications Authority (NCA) has been selected by the International Telecommunications Union (ITU) as a training partner in QoSTP.
Despite ongoing uncertainty over Brexit, the sourcing market in Europe, Middle East and Africa (EMEA) set a record with €3.9 billion of combined market value in the first quarter of 2019.
Saudi Arabia’s largest mining company, Ma’aden, will make its first international acquisition with the purchase of an African Fertilizer distribution company.
Cisco and South Africa based Dimension Data have announced a new co-innovation agreement, to develop a deeper collaboration environment and framework to jointly solve clients’ business needs.
The Egyptian National Media Authority (ENMA) has selected Rohde & Schwarz R&S THU9evo transmitters for a multi-million Dollar contract to support their DVB-T2 network.
Saeed Talfo has spent about a decade working in ICT, telecom delivery and service, and HE is currently the CEO of GLSD.
Vivo Energy Uganda has officially handed over a Fuel and Lubricants Management System to its commercial customers Markh Investments in Ntinda and Q3 Holdings in Bweyogerere.
MultiChoice Africa’s Talent Factory partners with New York Film Academy to grow talent in creative industry
MultiChoice Africa is pleased to announce a partnership between its flagship MultiChoice Talent Factory (MTF) initiative and the New York Film Academy College of Visual & Performing Arts.
The Sahara Group and UNDP are joining forces to promote reliable access to affordable and sustainable energy across Africa.
Absa says it has now made CashSend and payments via Western Union available on its app, a banking first for South Africa.
Siemens has launched a new web-based application which reveals the readiness and potential of six major cities to embrace digitization and develop new ways of living, working and interacting.
Nigeria aviation and marine logistics player Caverton Helicopters Limited has picked global aviation software provider Ramco Systems to digitize the maintenance and engineering operations.
Vimetco names Afreximbank financial adviser for $130-million Sierra Leone bauxite mine expansion project
The African Export-Import Bank has been selected to serve as the exclusive financial adviser and mandated lead arranger for the $130-million bauxite mine expansion project by Sierra Mineral Holdings Limited.
Discovery Inc. launches Real Time channel on StarTimes, picks Apricot Africa Consulting as ad sales partner in the continent
Discovery Inc. has announced the expansion of Real Time, across Africa.
[Nigeria] Thor signs $78 million financing package with Africa Finance Corporation for construction of Segilola Gold Project
Mineral exploration company Thor Explorations Ltd. has received investment committee approval from and executed an agreed term sheet with the Africa Finance Corporation for a $78 million financing package.
DHL Global Forwarding has signed a deal with Tanger Med to set up its new Africa-Europe Logistics Hub in the Tanger Med Logistical Zone.
The potential of the Luanda-Bengo Special Economic Zone was presented to Chinese entrepreneurs from various sectors during the Angola / China Investment Forum.
Canadian-based gold mining and exploration Komet Resources Inc has entered into an agreement to sell all the issued and outstanding shares that it holds in the share capital of its subsidiaries in Burkina Faso.
Arab Organization for Industrialization inks contract to establish $8 million solar energy station in Eritrea
Arab Organization for Industrialization as signed a contract to establish a solar energy station in Eritrea with a total cost of $8 million.
Farmgate Africa, Nigeria’s agro-commodity aggregator platform has announced its partnership with Livestock247.com, an online Livestock Market.
Mining company has announced that it has received final TSX Venture Exchange approval to complete its previously announced share consolidation.
The Government of Japan has agreed to fund a $ 419, 682 project to improve livelihoods in Gabon through strengthened food security.
The first tranche of the 400MW Benban solar power plant project in Egypt - 65 MW – has been connected to the grid and officially entered commercial operations.
Kenya Airways has reached an agreement with Delta Airlines to activate its codeshare in the US and Canada.
The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa.
Akon Lighting partners with Group A MondoBrain to provide accurate and sustainable energy solutions in Africa
Akon has announced the signing of a formal partnership between Akon Lighting America (ALA) and Artificial Intelligence-solutions provider, Group A MondoBrain.
South Africa will soon join the World Economic Forum's Centre for the Fourth Industrial Revolution Network (C4IR Network) alongside China, India and Japan by launching an Affiliate Centre.
The GSMA has announced that Côte d'Ivoire’s mobile industry has come together to support a major new initiative to guard against the use of stolen devices.
West Africa’s mobile ecosystem generated more than $50 billion in economic value last year – equivalent to 8.7 per cent of the region’s GDP, according to a new GSMA study.
African Artificial Intelligence (AI) Software and Solutions company Cortex Logic has appointed Deon van Heerden as the new Chief Executive Officer and Board Member of the Cortex Group.
Engineering services company EAWC Technologies has signed an agreement to lease its Atmospheric Water Generation technological solutions through lease programs in South Africa.
Africa is urbanizing fast, as its population grows and many flocks to cities in search of jobs, education and healthcare.
The South Africa Minister for Trade and Industry said the launch of the R49 million Ekandustria Industrial Park is recognised as a potential catalyst for broader economic and industrial development.
Kenya has closed in on the top 50 ranking in the ease of doing business after targeting reforms in ease of paying taxes and trading across border indicators.
Pan-African e-commerce platform Jumia has picked BNY Mellon for its American Depositary Receipt (ADR) program.
United Airlines has applied with the U.S. Department of Transportation for authority to begin new service between New York/Newark Liberty International Airport and Cape Town International Airport.
Nafham to offer Canon has partnered with Nafham, a free online crowdsourced educational platform, to create an innovative photography and film making online course, ‘Hekayet Sora.’
Investment Minister Sahar Nasr discussed with UK Department for International Development Permanent Secretary Matthew Rycroft boosting economic cooperation.
The Angolan Finance Ministry and the US Treasury Department signed a technical assistance agreement with the Financial Information Unit (FIU) and other bodies involved in the fight against money laundering.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has announced that it has fully exited its investment in Thebe Timrite.
Belfrics Group,in association with Dar Es Salaam Institute of Technology (DIT) have announced a joint initiative to develop a pool of talented and skilled technology professionals for blockchain as a domain.
Medscheme, one of South Africa's largest providers of administrative and health risk management solutions for the healthcare sector, has created a modern decision platform for its Medical Aid Administration business.
Rendeavour has installed its first solar power plant in Kenya, as part of a 30 MW strategy for Tatu City, the company's new city development in Nairobi.
The World Bank Group and the German Federal Ministry for Economic Cooperation and Development have signed a declaration of intent to foster cooperation on sustainable and inclusive development in the Middle East and North Africa Region.
Export-Import Bank of the United States, EXIM, has entered into an MOU with the Ministry of Finance of the government of Angola to increase trade of goods and services between the United States and Angola.
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company to support infrastructure financing in Nigeria.
[Kenya] UAE Ministry of Foreign Affairs and International Cooperation trains 100 women leaders in hospitality and tourism
The UAE Ministry of Foreign Affairs and International Cooperation and Kenyan Ministry of Tourism and Wildlife have sponsored 100 Kenyan women to qualifying them for the hospitality and tourism sector.
The African Union Chairperson has received the instruments of ratification of the African Continental Free Trade Agreement (AfCFTA) from the representatives of the Federal Republic of Ethiopia.
Global agri-technology company, Devenish, has announced a $2.25 million investment in Kenyan company, Sidai Africa Ltd.
Daystar Power has closed a $10 million investment with Verod Capital Management and Persistent Energy Capital LLC to accelerate its expansion across West Africa.
South Africa President Cyril Ramaphosa has officiated over Japanese automotive Nissan’s announcement of a R3 billion, approximately $215 million, investment at its Rosslyn plant in the capital.
DHL Express has announced the launch of its new mobile and desktop app aimed at improving the online shopping experience for Africa-based consumers.
The World Bank has unveiled a new plan to help African countries strengthen their human capital.
GE Power’s Gas Power Systems business has unveiled a whitepaper focused on gas turbine technology that can ensure a cleaner and safer operation while accommodating a high penetration of renewable energy sources.
Kenya’s expanding economy has spurred the growth of its logistics property market with the economic hub of Nairobi experiencing a 15% year-on-year increase in new warehousing supply.
UNIDO in cooperation with the AUC held the first ever International Quality Infrastructure (QI) Forum to focus on the contribution of QI to the achievement of the SDGs and the implementation of the AfCFTA.
ECA Deputy Executive Secretary met with Armenia’s Foreign Affairs Minister, and discussed ways to forge close cooperation in advancing the smart development concept to help Africa in implementing Agenda 2030.
A group comprising of academic scholars and representatives of Central Banks of Member States from ECOWAS have reviewed the TOR to recruit a consultant towards the development of the design of the ECOWAS single currency.
TradeMark East Africa and Rwanda Standards Board partner in a $1 million food safety and trade project
TradeMark East Africa (TMEA) has committed to fund Rwanda Standards Board (RSB) with $ 1 Million in support of projects that will enhance food safety and trade.
Nestlé Kenya operations will now report into South Africa following the reorganization of Nestlé business in Sub-Saharan Africa.
Global provider of open source solutions Red Hat, Inc. has announced that Vodafone Egypt has deployed Red Hat Cloud Suite to advance its customer-first digital transformation initiative.
The Board of the African Development Bank has approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement.
Paxful has teamed up with Jumio® to improve Anti-Money Laundering (AML) procedures and implement Know Your Customer (KYC) requirements onto the marketplace.
The United States as launched its new two-year, $4 million Feteh project to support the strengthening of independent rule of law institutions in Ethiopia.
Schiphol, Kenya Airports Authority and Galapagos Airport sign agreement to tackle wildlife trafficking
Royal Schiphol Group, Kenya Airports Authority and Galapagos Airport have signed the United for Wildlife (UFW) Transport Taskforce Buckingham Palace Declaration to combat wildlife trafficking.
Harsco Corporation has announced that its Metals & Minerals division has further expanded an existing agreement with Egyptian Steel, the manufacturer of rebar and wire rods in the Middle East and North Africa.
Sida, FAO and ECOWAS have joined forces to protect West Africa's forests and help safeguard the livelihoods of millions of people who depend on them.
Egypt Ministry of Petroleum has signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC) on funding infrastructure projects within the petroleum and natural gas sectors.
Forty-nine oil concessions will be awarded between 2019/2025 for exploration, research, development and production of hydrocarbons in Angola.
Facebook artificial intelligence researchers create world's most detailed population density maps of Africa to address infrastructure challenges
Facebook is working closely with key non-profit and research partners to use artificial intelligence (AI) and big data to address large-scale social, health and infrastructure challenges in sub Saharan Africa.
GLS and NAS joint venture company GLS – NAS broke ground for a new 2,700 square meter cargo terminal at Roberts International Airport in Monrovia, Liberia.
National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets will offer comprehensive ground handling and cargo services in Mozambique beginning July 2019.
The deadline set by the Tripartite Council of Ministers for member States of three regional economic blocs to sign and ratify the tripartite free trade area lapses this month.
Alternet Systems.has confirmed that its management will meet potential partners and tour facilities in Kenya looking to possibly open an assembly plant to complete manufacturing for ReVolt Electric Motorcycles.
UK-based social impact investor AgDevCo has closed a $3 million mezzanine loan with Minimex Limited, a maize milling company.
African manufactures, retailers bet on product innovation, distribution to win customers, Nielsen report
The latest Nielsen Africa Prospects Indicator (APi) Report reveals interesting shifts in African manufacturer and retailer business priorities.
Cisco has announced the launch an Incubation hub in Kenya. This Incubation Centre will impart business knowledge and speed up access to market for Small Medium and Micro Enterprises.
Nihilent, a global consulting and solutions integration company, has opened its first user experience (UX) lab on the continent, it is the only other such facility outside India and second globally.
Mobile & IoT solutions provider, Workz Group has announced the launch of its 5G SIM card which will support the next generation of cellular mobile communications required to drive the Internet of Things.
[Kenya] UN-Habitat partners with Kisumu County Government to strengthen municipal finance and local economic development
The County Government of Kisumu, Kenya and UN-Habitat have committed to strengthening their collaboration on initiatives to improve municipal finance, revenue generation and local economic development.
Marriott International has said it expects to add 19 new properties and more than 3,000 rooms to its Middle East and Africa portfolio in 2019.
Growth in Sub-Saharan Africa remains below three percent three years after crisis, World Bank report
Growth in Sub-Saharan Africa has been downgraded to 2.3 percent for 2018, down from 2.5 percent in 2017, according to the April 2019 issue of Africa’s Pulse.
DoshEx and Pundi X collaborate to roll out blockchain-driven point-of-sale technology in South Africa
DoshEx, the South African Digital Asset Exchange, and global blockchain-based payment pioneer Pundi X, have announced a strategic partnership to bring cryptocurrency to high street retailers and local consumers.
Moroccan national carrier Royal Air Maroc (RAM) has launched the first-ever Miami-Casablanca route.
Huawei and Tunisia have agreed to strengthen cooperation on ICT talents cultivation, digital economy development and public safety.
The China-Africa Enterprises Convention, which will be held from June 8 to 12, 2019 in Shanghai, China, is an opportunity for African companies to trade and establish strategic partnerships with Chinese companies, to learn from Chinese companies experience and find investment opportunities with Chinese and African investors.
Boomplay, the largest and fastest-growing music streaming service in Africa, has raised $20 million in Series A funding led by Maison Capital and followed by Seas Capital and other strategic investors.
Siemens launches data visualization project that transforms Africa’s urban centers into smart cities
Siemens has launched an extraordinary data visualization project called FABRIC.
GE Renewable Energy’s Grid Solutions business has signed two deals to build energy systems in Benin and upgrade three substations in Cote d’Ivoire.
IFC has signed a cooperation agreement with the Ethiopian Customs Commission (ECC) to provide advisory support aimed at supporting the ECC’s efforts to reform the trade logistics landscape of Ethiopia.
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive.
The Amhara Regional Government, the Federal Ministry of Health of Ethiopia and the General Electric (GE) Foundation and Grand Challenges Canada have launched of the Amhara Region Oxygen Centre.
Siemens and Ethiopia have signed an MOU with the Federal Democratic Republic of Ethiopia to support the government’s objective of becoming a low middle-income country by 2025.
Doraleh Container Terminal SA (DCT) has been successful in the London Court of International Arbitration proceeding against the Republic of Djibouti.
Liquid Telecom, a subsidiary of Econet Global, as announced completion and receipt of an investment of $180 million investment from CDC Group plc.
Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, has pledged its support to the Zimbabwean government to help boost the country's healthcare sector.